I spoke to my Volvo sales consultant yesterday and he mentioned that Volvo just announced aggressive lease programs on S60s and S80s. I am considering both models, so I would be curious if you knew the current MF and residual for both (24 mo and/or 36 mo; 12K per year). I was in the car, so I couldn't write down the numbers but I think he said there is $6500-$7000 lease support on the S60 and S80. We are coming off lease in February (V70), and I don't know if any loyalty cash is out there as well. I just would like to be prepared before I go in to see him next weekend. Any info would be great.

I just picked up my new 2008 S60 last night. Yes there is $7,000 in lease incentives out there. I am paying $358.15/mo before sales tax for a 36 month lease, 12,000mi, with no money down. With Climate and convenience packages.

Slesser, this sounds like a pretty good deal on a no mondy down lease. If you don't mind me asking, what was your MSRP, cap cost, residual and MF (and cash due)? Also, where did you buy? My dealer is quoting $420 on what appears to be a comparably equipped vehicle, also no money down and 12K/36mo. He has been VERY slow to give me a response to my challenges to his contribtion. If you don't mind sharing some more details, it would be helpful.

I don't have the actual worksheets for my car as I ended up with the S60 AWD black non-metallic paint, Climate and Premium packages. But I do have the worksheet for the same car with metalic paint.The monthly payment for this car came to $366.87 before state tax.

Based on what you listed above. You can write a check for $1,394.96 for a car with a $35,625 msrp and then pay $385.21 per month. These numbers even include the 5% sales tax. I am not shocked so much by the payment as I have been able to lease an S60 in the past for $399 per month tax included. What surprises me is the residual of $16,383.

If you took this deal and paid the $1394.96 and then 35 payments of $385.21, that totals $14,877.31. Now at the end of the lease, you buy it for $16,383 + 5% sales tax, which is $17,202.15. You now own the car and have a total of $32,079.49 invested.

Compare this with a purchase. The invoice on this car is $33,395 and Edmunds shows a $2500 dealer cash incentive. If you could get the car at invoice and get the entire $2500 incentive, that puts you at a price of $30,895. Add the 5% sales tax gets you up to $32,439.75. So, if you had the money in your hand to buy the car at this price. It actually saves you $360 to take the lease and that assumes that you did absolutely nothing with the $32,000 to earn interest over the next three years.

I have seen some deals where the lease was almost equal to a purchase but nothing where it was actually cheaper. There most be a lot of incentive money available that is not published.

The actual cost for purchase should including the interest for the payment. In above case, if you put $32,000 in the bank and the APR is 5%, after 3-year, you will have $1600 x 3 = 4800 in hand. Of course, above calculation is over-simplified. The real difference between leasing and buying should be smaller than this value.

thinking of leasing s60 2008 demo7-8k miles. here is the pricing.....MSRP: 35150Invoice: 32987Sellling based on:23955.3943 % resi.36 monthwarranties are good for 36 months. miles start at 0premium/climate/AWDBlack/Black$349mth-taxes included$ 741 down

The selling price is pretty good, I think. But I'm not sure about the money factor. Your depreciation cost alone is only ~245.50, so you are paying over $100/mo for interest and taxes. Off the top of my head, it seems like alot. But I need more details to decide, like the MF, fees, etc.

I stand corrected.That is a GREAT deal, from what I can see.You've got a good money factor on top of a deep rebate, and no unreasonable fees.I plugged all your numbers into Edmunds lease calculator and came up with ~$351. So it sounds like the $349 payment you were quoted is right on.

Snaproll, that is exactly what I plan to do. Best part is that the lease is a company lease. They are paying for the first 3 years. In 3 years I'll buy the car for $16,383 and give it to my wife. It will still be under warranty and only have 36,000 miles. She can drive it another 3 years until I have another car for her to buy.

She currently has a 2002 Mazda Tribute with only 36,000mi, all paid for. So in 3 more years this should have about 55K, it will easily go another 3 years. With no car payments for another 3 years.

I assumed exactly what volvomax said ... there is probably a standard security deposit or bank fee. When you use the edmunds calculator, it adds that for you automatically, which is how I came up with the $350 number.

So far the best lease offer I have received on a 2008 S60 2.5 w/ Premium and Climate Pkg (NOT AWD) is...

36 months at 12k miles/year

$1000 total cash due at signing (have not recieved the breakout yet)

$393 total monthly payment (includes 7% sale tax)

Question: Given that I do not have the particulars from dealer (MF, residual, cap, etc.), does this look like a good deal on the surface? Or, do you think I can hold out for the same terms on a AWD model or a better deal on the FWD?

adfreak - The front wheel drive version of the car is fine, but if you live in an area that receives a great deal of snow, I would recommend the AWD. Do you live in NJ? What dealer have you been negotiating with? Please feel free to email me with more questions.

Hi Please help me determine if good deal based on this info from dealer:

MSRP of the vehicle is $33,775 and with Volvo's Value Pack savings you are at $36,300. **What's a value pack and why is it costing me money?**

"Z" plan price is my invoice price of $31,656 minus the "Z" plan incentives brings you down to $26,656., which is the Cap Cost or sale price of the lease.**Salesman keeps trying to say I'm saving 10K - $36300 to $26656; really?!**

The Lease is for 48 months w/12,000 miles per year. The monthly payment, including tax, is $334.82 with Inception Fee's due at signing of $1,023.76 which break down as follows: $334.82-- First months payment $625.00-- Bank Fee $ 48.44--Tax on Bank Fee $ 15.50-- Title Fee and Temporary 30 day tag. $ 0.00-- Security Deposit and Documentary Fee are waived on "Z" _________ $1,023.76-- Total due at signing

5. Lease Rate or Money Factor is 1.86 which equates to an interest rate of 4.46%.

The Residual or Buyout price at lease end is $15,609.00.=========Okay, so the payment's not too bad, loving rate versus buying. Trying to refi home before leasing but of course the special is only good to 2/29. Anyone have any scoop on March lease specials .Any advice?Thanks!

I'd take the deal this month if you can.Bank residuals are gonna drop in March.Plus, Volvo is not committed to lease incentives for the S60 much past March anyway.So, I doubt you will see any increase in factory support, and you will have a lower residual to boot.

4) My cost to lease a new s-60, similarly equipped, 36M, 15K, which I would do, is approx. $350-$400/mo, but I have done very little research.

So,do I start shopping or buy the cars-or just one of them-when the lease is up in June? I am trying to reduce my expenses- and I have 3 teenage drivers in the family(that explains all the repair costs...)Any help is much appreciated.

Thank you for the rsponse-Yes they are both 2005, both are 10K miles/year, so I could go with 15K and be OK. THe s80 is currently at 36K but I assume 40K by lease end.The s60 is fine with miles, but needs Cosmetics @2K

Probably depends on the bank they are leased with. I saw vmax's response to you in the RWTIV board and it looks like neither of these is worth the buyout NOW, never mind 4 months from now. So if they won't negotiate buyout, then it looks like turning them in is your best option.

You also may want to think twice about financing them for 5 years if you do buy them out. I mean, you gotta do what you want, but just think that they will be 8 years old before you are done paying for them.

well, if buyout is $20k and the car is only worth $15k, then $2k-$3k in fees is cheaper than overpaying for the car by $5k.

Of course, that is $5k over trade-in value, which is different than retail value. Retail value would be $1500-$2k over trade-in. So, even at $17k retail, you'd be paying $3k more than that. (if I'm recalling the S60 number correctly, which was about $15k, correct?) I think the S80 was even worse, was it not?